Loading ...Like I said yesterday. They gave us $1200 Gold in 2018, then the stupid worn out scum gave us $1600 Gold 3 months ago. $1929 Gold now. I would love another shot at $1600. All I know is instability is common lately with crazy highs and crazy lows all around.
Granted some of the miners aren’t performing like they should lately, many are up 40-50% the past 6 months, but they can get crazy high if gold breaks out to $2500. I remember miners during the 1970s going more than a 1000%. Especially the smaller cheaper ones. I still have all my Dinesletters from decades ago.
I just might double up on the AGQ, the Fed is really not raising rates high enough and the Dollar index is still too high at 101 when it belongs at 80. Rebuilding the US economy, NEEDS a lower Dollar. To function as a tariff on imports and a discount on our exports.
The Fed mentioned 56% of their core inflation sector is still too high so will continue raising. I’ll be money what he is talking about, is they are watching Gold being too high but keep saying they are watching wage inflation as an indicator. Thats ridiculous.